That $6bn TenderBook..., page-59

My instinctive reaction to the increased tempo of iron-ore projects being announced was that it would be good for NWH, because it would sop up capacity in the sector, thus taking the heat off the tendency to discount pricing to secure the work. I did not extend that viewpoint to the extent that you did – that is, service providers who come late to the party may secure better prices. It's possible that things may turn out that way. Anyhow, RIO would probably put greater emphasis on reliability than the lowest bid price.